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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 26
-It seems the Nifty 50 is currently in a not-ready-to-go-down mode. The most minor dip gets bought into swiftly and the index continues to scale new peaks. Wednesday's session was no different and 26,032 is now the new record high for the Nifty and it remains to be seen for how long will that stay.
-It was a surge in the index heavyweights in the final few minutes of the trading session that took the Nifty to a new peak. HDFC Bank, Reliance Industries, Axis Bank, ICICI Bank, all of them saw a spurt during the final half hour, propelling the index higher. The monthly expiry of the Nifty Bank also had a role to play.
-Thursday is the monthly expiry of the Nifty and the index has gained over 850 points so far this series. This will be the fourth consecutive F&O Series that the Nifty ends with gains, having gained over 300 points in August as well.
-Gift Nifty was little changed this morning indicating a muted start for the Indian market this morning.
-Stocks to focus: Vedanta, PB Fintech, Five-Star Business Finance, Adani Group, ASK Automotive, SpiceJet, IDFC
-Asian equities rallied this morning as fresh signs of vigor in technology stocks spread across Asia. Currencies pared sharp moves from the prior day that supported the dollar over the yen. Equity benchmarks in the tech-heavy markets of Japan and South Korea advanced.
-Chinese equities fluctuated in opening trade. The Golden Dragon index of US-listed Chinese stocks fell on Wednesday, which may be an early sign of fatigue for the stimulus-driven rally in Chinese stocks this week.
-The Dow Jones and S&P 500 retreated from their respective record highs on Wednesday as some selling pressure emerged at higher levels for the two Wall Street benchmarks. The S&P 500 fell 0.2%, while the Dow Jones shed 0.7% or nearly 300 points during the trading session to end below the mark of 42,000. The Dow also snapped a four-day winning streak in the process. However, the Nasdaq just managed to end above the flat line.
-In commodities, oil was steady after plunging in the previous trading session. West Texas Intermediate, the US oil price, slipped more than 2% on Wednesday to settle below $70 a barrel. Elsewhere, gold traded steady near an all-time high as the weak US data bolstered the case for deeper interest rate cuts.
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-Welcome to CNBC-TV18’s Marketbuzz Podcast. Here aretop developments from around the world ahead of the trading session of September 25
-The Nifty 50 crossed the 26,000 mark on September 24. However, technical factors, along with the Nifty Financial Services expiry, took the index back to levels at which it closed on Monday. Nonetheless, 26,011 becomes the new record high for the Nifty, which has now gained over 1,000 points in the last nine trading sessions, starting September 11.
-While the focus remained on the Nifty, there was plenty of stock-specific activity within the broader markets with the Midcap index clinging on to some gains but the smallcap index ended with losses of over half a percent. Stocks like AstraZeneca and IEX moved on their respective newsflow, while names like SH Kelkar and Arvind Smartspaces surged on positive brokerage commentary.
-This morning the GIFT Nifty was trading with a discount of nearly 20 points from Nifty Futures' Tuesday close, indicating a start in the red for the Indian market. Wednesday will also be the monthly expiry of the Nifty Bank index and that has been the index to watch out for over the last few trading sessions.
-With the Nifty having moved the way it has, with domestic triggers still a week away from emerging and a landmark and a major event out of the way, the question now emerges whether it will be prudent to book profits at current levels and then wait for earnings to shape up starting the second week of October. By next week, companies will already begin sharing their quarterly business updates and that becomes the next major trigger for the markets.
-Stocks to track: Easy Trip Planners, real estate stocks, Delta Corp, KEC International, MCX, PC Jewellers, Gillette India, Zee Entertainment, Hindustan Foods, HDFC Life
-SEBI has cleared the IPO papers for Hyundai Motor India Ltd. As per a Moneycontrol report, Swiggy has also received the nod from market regulator post its confidential filing of draft papers to launch a widely anticipated initial public offer.
-Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs. Equity benchmarks rose in South Korea and Australia, while those for Japan slipped after the yen strengthened against the dollar in the prior two sessions.
-Overnight on Wall Street, US markets continued to shrug off weak economic data to post yet another day of record highs. The Dow Jones gained 0.2% or just over 80 points, while the S&P 500 advanced 0.25%. Both indices hit all-time highs intraday and also closed at record levels. The Nasdaq too, surged 0.6% but is still 600 points away from its own record high levels.
-In terms of commodities, oil steadied after its biggest advance in more than a week, as traders tracked developments in the Middle East and the impact on demand of China’s stimulus measures. Gold hit a record trading above $2,662 an ounce.
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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of September 24
-The Nifty is now only 70 points away from the mark of 26,000. In case that does happen today, it would have taken the Nifty 38 trading sessions to get to 26,000 from the day it first scaled 25,000 on August 1.
-Beaten down sectors in recent times like the PSU Bank index turned out to be the top performer during Monday's trading session. The index saw its biggest single-day gain since June 3, which also saw the index make a near-term top. Barring IT, most of the other sectoral indices had a field day on Monday, including real estate and auto stocks. Some PSU names also saw a rebound, except for defence PSUs, which saw continued selling pressure.
-This morning, GIFTNifty was trading with a premium of more than 80 points from Nifty Futures' Monday close, indicating a gap-up start for the Indian market.
-Today is also the weekly expiry for the Nifty Financial Services index, which will keep the banking stocks in focus.
-Stocks to track: Reliance Power, Punjab National Bank, NTPC, Firstsource, GR Infraprojects, BGR Energy, AstraZeneca Pharma, Power Grid
-Asian stocks rose as China’s central bank lowered key rates in the latest attempt to shore up the economy and financial markets. Equity benchmarks in Japan jumped more than 1% while those in South Korea climbed. Futures for the FTSE China A50 Index jumped as much as 2%. The yield on China’s 10-year government bond declined to 2% for the first time on record.
-The People’s Bank of China announced a sweep of support for the economy, cutting its key short-term interest rate, and lowering the mortgage rate for existing housing loans.
-US data released Monday showed business activity expanded at a slightly slower pace in early September, while expectations deteriorated and a gauge of prices received climbed to a six-month high, stoking confidence the world’s largest economy can nail a soft landing. Investors are now awaiting data on the Fed’s preferred price metric and US personal spending later this week
-Overnight on Wall Street, the S&P 500 climbed to a fresh closing high as traders looked to build on last week's gains following the Federal Reserve's interest rate cut.The broad market index added 0.28%, while the Dow Jones Industrial Average gained 0.15%. Both indexes closed at records. The Nasdaq Composite ticked up 0.14%.
-In terms of commodities, gold rose to fresh all-time high as traders digested data and remarks from policymakers. Oil edged higher in early trading Tuesday after Israel launched airstrikes on targets across southern Lebanon, killing nearly 500 people and fanning fears of all-out war.
-Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, talked to CNBC-Tv18 about the shifting dynamics in global trade and national security, particularly concerning the United States' reliance on China. He, however, feels that India is poised to take advantage of US-China tensions. Dimon is also of the view that there is "plenty of room" for interest rates to decline in the US.
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Welcome to CNBC-TV18'S Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 23
-The GIFTNifty was higher this morning, trading at a premium of nearly 90 pts from Nifty Futures Friday close, indicating a gap-up start for the Indian market.
-After the choppy Friday session, the Nifty ended 1.8% higher for the week and has now gained in five out of the last six weeks.
-This will be the September series expiry week and the focus will now shift back to domestic factors as the major global event is out of the way. After a week of lull, the first week of October will start with companies reporting their quarterly business updates before IT companies kickstart the September quarter earnings season.
-The handover from Wall Street is a subdued one as the benchmark indices had a quiet session on Friday but not before they notched up yet another week of gains and the Dow Jones ended at a record high.
-Asian stocks traded in a narrow range this morning as investors weighed a raft of data which reinforced concerns about the health of China’s economy.
-Stocks to track: Reliance Industries, HDFC Bank, Dr. Reddy's Laboratories, Vodafone Idea, Tata Steel, KEC International, Adani Total Gas, Ramco Cements, HFCL, Glenmark Pharma, Aarti Drugs, BHEL, ONGC, Mankind Pharma, Godfrey Phillips
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Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like REC, SpiceJet, Ceigall India.
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-Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 13
-This morning, GIFTNifty was higher, trading at a premium of more than 60 pts from Nifty Futures Thursday close, indicating a start in the green for the Indian market.
-On Thursday, the Nifty, which struggled to cross 25,000 for the better part of the day, crossed 25,200, 25,300 and even made a new record high of 25,433, all within a span of 90 minutes. The weekly options expiry of the Nifty 50 contracts triggered a sharp short covering move, led by banking stocks. Another trigger may have been the nearly ₹3 lakh crore that were blocked for the Bajaj Housing Finance IPO. Freeing up of that capital could have also led to this upmove.
-Adani Group will be in focus today as the group as unequivocally rejected and denied baseless allegations presented by Swiss publication GothamCity. They said the Adani Group has no involvement in any Swiss court proceedings, and none of their company accounts have been subject to sequestration by any authority.
-Stocks to watch: BPCL, Tata Power, Tata Motors, BLS International, SBI Card, Patanjali Foods
-In Asia, stocks fluctuated this morning, with the yen’s rise to around 141 per dollar pressuring those in Japan, an export-oriented economy. Benchmarks rose in Australia, South Korea, Hong Kong and China, following a fourth day of gains on Wall Street.
-The range-bound trading in equities suggests caution ahead of next week’s Fed policy meeting, after data showed Thursday that US producer price index picked up slightly in August after the previous month’s numbers were revised lower. Meanwhile, categories that feed into the Fed’s preferred inflation gauge were muted.
-Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the coast of Louisiana. Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel this morning.
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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the top news from around the world ahead of the trading session of September 12
-Even as the Nifty witnessed selling pressure yesterday the moment it crossed 25,100 intraday, this morning the market is likely to start on a higher note following positive global cues. GIFT Nifty was higher this morning, trading at a premium of more than 100 pts from Nifty Futures Wednesday close, indicating a gap-up start for the Indian market.
-Yesterday, the Nifty not only failed to defend the 25,000 mark, but at one point even broke below 24,900, before eventually closing above that mark after final adjustments. 24,800 on the downside and 25,100 on the upside has become the current range for the Nifty. Even Gautam Shah of Goldilocks Premium Advisory told CNBC-TV18 yesterday that 25,150 is now a very important near-term barrier for the Nifty, that it needs to cross for further upside.
-Selling pressure came from all corners, be it Metals, Autos, PSU banks and even the entire CPSE basket, which continues to move lower from its August 1 peak. Even the midcap index, which was an outperformer till the start of the second half of the day, ended in the red.
-Though the US markets closed higher overnight, US CPI for August came in at 2.5%, which was the lowest since February 2021, while core CPI can be hotter than expected. The major benchmarks rebounded from intraday lows as core CPI rose slightly more than expected and investors changed their bets for a quarter-percentage-point-cut by the Fed next week.
-This morning, stocks in Asia rose as a tech-fueled rally on Wall Street spread across the region, supported by expected Federal Reserve rate cuts next week. Equities in Japan and South Korea advanced, with the Topix up the most in almost a month. A region-wide gauge of tech stocks rose more than 1%. The gain for share benchmarks in Tokyo partly reflected the yen’s reversal from its strongest level against the dollar since December.
-Oil, meanwhile, held gains from Wednesday as Hurricane Francine ripped through key oil-producing zones in the US Gulf of Mexico, prompting traders to cover bearish bets. Spot gold was little changed.
-India is poised to release its August consumer price index late Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July.
-Stocks to watch: Adani Ports, IndiGo, Route Mobile, BPCL, NBCC, HPCL, Olectra Greentech, Wipro
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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of September 11
-GIFTNifty was lower this morning, trading at a discount of more than 10 pts from Nifty Futures Tuesday close, indicating a flat-to-negative start for the Indian market.
-The next two sessions are crucial for the index. While today, i.e Wednesday will be the weekly expiry of Nifty Bank, the Nifty's weekly contracts expire on Thursday. Broader markets also staged a rebound after Monday's underperformance.
-Now Nagaraj Shetti of HDFC Securities says Nifty faces a crucial resistance at 25,200 levels. A decisive move above this can open further upside towards new all-time highs with immediate support at 24,900.
-Stocks to track: Reliance Industries, Dr. Reddy's Laboratories, Pidilite, Oil India, IREDA, Goa Carbon, Ramco Systems, Lemon Tree Hotels
-Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as markets prepared for the knock-on effects of a presidential debate. Back in the US, the S&P 500 rose 0.4% with a Bloomberg gauge of the “Magnificent Seven” megacaps jumping 1.5%.
-Crude has tumbled by almost a fifth so far this quarter on concerns that slowing growth in the US and China, the leading consumers, will crimp demand at a time of robust and expanding supplies.
-Sparring on politics and personality, Kamala Harris and Donald Trump showcased their starkly different visions for the country as they met for the first time for perhaps their only debate before November's presidential election, a high-pressure opportunity for the candidates after a tumultuous campaign summer.
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Marketbuzz Podcast: Indian markets may see a sluggish start according to the GIFT Nifty. Watch out for stocks like Bikaji Foods, Pharma stocks and Adani Enterprises.
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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all top developments from around the world ahead of the trading session of September 5
-Wednesday's session finally brought to an end the 14-day rally, as Dalal Street sold off in-line with the meltdown seen in global equity markets overnight.The Nifty recovered more than 100 points from the lows of the day as the index found support just below 25,100 and reversed from those levels.
-For the remaining week, of course, a lot will depend on how Wall Street moves overnight ahead of the all important jobs data on Friday. Thursday is also the weekly expiry for the Nifty, its first for the September series and that will also have a part to play in the index moves.
-This morning, the GIFT Nifty was trading with a premium of more than 100 points from Nifty Futures' Wednesday close, indicating a gap-up start for Indian market.
-Stocks to watch: Reliance Industries, Sona BLW, GIC Re, Vedanta, Century Textiles, Suzlon, HDFC Bank, PNB Housing Finance
-Asian stocks regained some ground this morning after a global selloff as traders awaited this week’s US payrolls data to gauge the extent of the Federal Reserve’s easing. The dollar steadied. Overnight in the US, the S&P 500 and the Nasdaq Composite fell for a second straight session in a lackluster start to September.
-The MSCI Asia Pacific Index rose 0.5% after falling more than 2% on Wednesday, its biggest drop since the Aug. 5 rout. South Korea’s Kospi jumped more than 1%, led by a rebound in the shares of chipmakers. Japan’s benchmarks fluctuated following the yen’s strength.
-With the Fed set to begin cutting rates in a few weeks, the main question now is how big the first reduction will be. Monthly US employment data due Friday will help determine the answer. The jobs report last month stoked growth fears and Chair Jerome Powell has made it clear the Fed is now more concerned about risks to the labor market than inflation.
-In commodities, oil steadied near the lowest close since June 2023 as an industry report pointed to a big draw in US crude stockpiles. Meanwhile, gold traded at around $2,495 after finding support following the US job openings data.
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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments to track ahead of the trading session of September 4
-The Nifty ended one point higher yesterday. A solitary point. That is after a 250-point rally on the Nifty Bank. On paper, it becomes the 14th straight day of gains for the index. But it pegs the question, has the Nifty finally reached breaking point on the upside, at least for the time being?
-Morgan Stanley says two fundamental and two technical factors that can trigger a correction in the market. However, it reiterated that a correction does not mean the end of a bull market. The brokerage believes that India's current bull market is only past the halfway mark.
-The Nifty Bank will also be in focus on Wednesday as it will be its weekly expiry.
-Stocks to track: Defence stocks, GIC Re, AU Small Finance Bank, Infosys, Nazara Tech, Delta Corp
-In terms of global cues, stocks in Asia sank after a plunge in Nvidia Corp. shares fueled the worst day for US equities since the Aug. 5 rout.
-Oil extended losses from Tuesday’s decline of almost 5% as the possible easing of political unrest in Libya triggered worries about weak demand and oversupply.
-The S&P 500 and the Nasdaq 100 saw their worst starts to a September since 2015 and 2002, respectively. With inflation expectations anchored, attention has shifted to the health of the economy as signs of weakness could speed up policy easing. While rate cuts tend to bode well for equities, that’s not usually the case when the Fed is rushing to prevent a recession.
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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of August 30
-The last time the Nifty gained 11 days in a row was nearly two decades ago, way back in September 2007. The 11th day of gains during its monthly expiry session was courtesy Reliance Industries as one-third of the Nifty's gains on Thursday came from RIL. An otherwise sluggish session on the Nifty was brought to life when Reliance Industries announced that it will consider a 1:1 bonus issue at its board meet on September 5. The resultant spike saw the Nifty make a new high of 25,192 before ending at a record closing high of 25,151.
-A big factor for Friday's trading session though, will be the MSCI adjustments, which will take place in the final few minutes of the trading session. This means that HDFC Bank, which has been an underperformer, will see the first tranche of its weightage increase in the MSCI indices. Analysts are expecting the lender to receive flows ranging between $1.4 billion to $1.8 billion.
-Both foreign and domestic investors were net buyers in the cash market on Thursday but the numbers will also be skewed due to the block deals seen in stocks like InterGlobe Aviation, PB Fintech and Welspun Living.
-Stocks to watch: Infosys, Tata Motors, sugar stocks, RVNL, ITI, NBCC, SpiceJet, CDSL, LIC, Lemon Tree
-Asian stocks advanced as upbeat US growth data suggested the Federal Reserve is engineering a so-called soft landing for the economy. Equities in Australia and South Korea rose while those in Japan inched up. The MSCI Asia Pacific Index headed for a fourth month of gains as traders awaited a key US inflation report due Friday.
-A rally Friday will cap the best month for US and global stocks since June amid bets the Fed will ease policy as it tames inflation without the economy tumbling into recession. US output grew at a slightly stronger pace in the second quarter than initially reported, reflecting an upward revision to consumer spending that more than offset weaker activity in other categories.
-In commodities, oil was steady after jumping Thursday on positive US economic data and worsening supply disruptions in Libya. Meanwhile, gold slipped.
-GIFT Nifty was trading higher this morning at a premium of nearly 20 pts from Nifty Futures Thursday close, indicating a start in the green for the Indian market.
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Welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of August 29
-After days of consolidating and resisting, the Nifty conquered its previous record high of 25,078 on August 28, a day ahead of its August F&O expiry and made a new high of 25,129. As has been the case with previous highs, there was some bit of profit booking at higher levels and that resulted in the Nifty seeing a 90-point drop from the highs of the day, ending even below its previous record high of 25,078.
-This surge came despite the underperformance from banking stocks as the day belonged to IT stocks. Barring Tata Elxsi, which sold-off after a stellar two-day move, most largecap or midcap IT names saw healthy gains in Wednesday's trading session.
-But the big question for Thursday's trading session is that will Reliance Industries, the index heavyweight, put its hand up and lead the Nifty to an 11th straight day of gains on its monthly expiry session?
-Stocks to watch: Reliance Industries, InterGlobe Aviation, Vedanta, Sonata Software, PB Fintech, Lemon Tree Hotels, KEC International
-The GIFT Nifty was lower this morning, trading at a discount of more than 40 pts from Nifty Futures Wednesday close, indicating a start in the red for the Indian market
-Stocks in Asia slipped as Nvidia Corp earnings lacked the wow factor to impress investors, while Chinese results helped extend a selloff in the country’s tech companies. A gauge of Chinese tech stocks fell more than 2% in Hong Kong. Nvidia slumped more than 8% in post-market trading following a sales forecast that disappointed some on Wall Street.
-Later Thursday, investors will shift focus to key US data including a growth reading, personal consumption and weekly jobless claims to help firm bets the Federal Reserve will quickly ease policy this year. Fed Bank of Atlanta President Raphael Bostic said it “may be time to cut” but he’s still looking for additional data to support lowering interest rates next month.
-In commodities, oil steadied after a two-day drop, with stock market losses offsetting a drawdown in US stockpiles and supply disruptions in Libya. Gold traded just below its record high, on course for a monthly gain.
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